Data/hora: 13/06/2024 13:59:05

Provedor de dados: | 31
País: | United States
Título: | A Dynamic Optimal Crop Rotation Model in Acreage Response
Autores: | Cai,   Ruohong; Bergstrom,   John C.; Mullen,   Jeffrey D.; Wetzstein,   Michael E.
Data: | 2011-05-04
Ano: | 2011
Palavras-chave: | Crop rotation; Acreage response; Bellman equation; Crop Production/Industries; Research Methods/ Statistical Methods.
Resumo: | This paper presents a dynamic crop rotation model that shows how crop yield and price volatility could impact crop mix and acreage response under crop rotation considerations. Specifically, a discrete Markov decision model is utilized to optimize producers’ crop rotation decision within a finite horizon. By maximizing net present value of expected current and future profits, a modified Bellman equation helps develop optimum planting decisions. This model is capable of simulating crop rotations with different lengths and structures. Specifically, the corn-soybeans rotations were simulated using the crop rotation model.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/103949

Relação:

University of Georgia&gt;Department of Agricultural and Applied Economics&gt;Faculty Series

Faculty Series

11-02

Formato: | 30